CEO of U.S. Aircraft Leasing Company: Boeing 787 or Production Cuts As Chinese Orders Drop

WASHINGTON, Jan. 10 (Reuters) – John Plueger, chief executive of U.S. aircraft leasing company Air Lease Corp, said on January 9th local time that Boeing could be forced to cut production of its 787s to 10 a month because of a sharp drop in orders from China. Boeing, frustrated by the suspension of its 737 MAX aircraft, said in 2019 that it expected production of its 787s to fall to 12 a month by the end of 2020, from 14 a month today, due to some cancellations and weak demand.

Original title: CEO of U.S. aircraft leasing company: Boeing 787 or production cut due to sharp drop in Chinese orders

CEO of U.S. Aircraft Leasing Company: Boeing 787 or Production Cuts As Chinese Orders Drop

John Plueger said China was one of the major buyers of Boeing’s 787 and had not recently purchased a new aircraft from Boeing, and without China entering the market, “it’s hard to see the sustainability of producing 12 aircraft a month in 2020.” “

In addition, John Plueger said Boeing’s power to develop a new medium-sized aircraft (NMA) had “significantly reduced” because of the 737 MAX crisis over such a long time.

Previously, Boeing’s NMA program, the longest-range narrow-body jet, was considered a direct competitor to the Airbus A321XLR.

John Pluege says the 737 MAX will only start flying again until nothing else is thought of.